WSJ News Exclusive | Jeff Zucker, Former CNN President, to Lead Sports-and-Media Investment Firm RedBird IMI

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Former CNN President Jeff Zucker is getting back into the media business as chief executive of a new joint venture between private-equity firm RedBird Capital Partners and International Media Investments

, an Abu Dhabi-based media holding company.

In his new role, Mr. Zucker will focus on building, buying and investing in sports, media and entertainment entities around the world with the backing of RedBird and IMI , which together are investing $1 billion in capital to fund the joint venture, the companies said.

 

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geoffpilkington Now he can buy the assets he ran into the ground.

Some venture capital companies aren't long for this world.

Elon try to orchestra buying twitter so he can sell Tesla stock high (800)and create a mess so Tesla stock drop and buy it back cheap low(165) He make money on capital gain (800-169)x 20mil. It is a clever scam because 'inside info told him CEO' still would drop in 2022.

Investors: what are your qualifications? Jeff: I totally tanked CNN in a 5 year period, but I know how to appeal to the extreme left. Investors: you’re hired.

Our glorious 'capitalistic' society rewarding incompetence and failure once again.

Scum always floats on top of the water.

Maybe he can hire Chris Wallace and start the Zucker+ streaming service

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